Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Runagrounds, Co. is a coffee manufacturer who uses process costing (weighted average method) to account for its production costs each period. The firm uses two

Runagrounds, Co. is a coffee manufacturer who uses process costing (weighted average method) to account for its production costs each period. The firm uses two departments in the production of its product Drying and Roasting. The following is information obtained for the Drying department for the month of October:

Units and completion percentages Drying Department:

Number of Physical units:

Percent Complete with respect to:

Direct Materials

Conversion Costs

Beginning WIP Inventory

84,600

20%

10%

Units Started during the period

591,800

Units Completed and transferred out to Roasting

604,200

Ending WIP Inventory

?????

95%

80%

Calculate the Equivalent Units of Production (EUP) for Direct Materials for October for the Drying department.

Group of answer choices

642,580

541,120

676,400

672,790

661,960

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Frank Woods Business Accounting An Introduction To Financial Accounting

Authors: Alan Sangster, Lewis Gordon, Frank Wood

15th Edition

1292365439, 9781292365435

More Books

Students also viewed these Accounting questions

Question

Exude confidence, not arrogance.

Answered: 1 week ago

Question

Make arguments for the union and for the employer.

Answered: 1 week ago